All Real Assets articles in Web Issue – Page 11
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PropertyEU Archive
Slough Estates to embrace UK-REIT, review US business
Slough Estates, the UK-based property investment and development company, has announced it is to begin the process to obtain real estate investment trust (REIT) status in the UK.
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PropertyEU Archive
Shopping centres outperform other real estate sectors, CBRE/IPD reports
The shopping centre sector last year outperformed the other real estate sectors in seven of the 13 countries surveyed in the third edition of the CB Richard Ellis/IPD European Shopping Centre Digest. In a further three countries, shopping centres were only outperformed by other retail property.
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PropertyEU Archive
GE Real Estate set up new property company
US-based GE Real Estate has announced the creation of a new listed property company under the name of IPBM. François Trausch, president of GE Real Estate France, has been appointed president of the Board of Directors. Marc Henrion, manager of the corporate acquisitions and shareholdings department at GE ...
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PropertyEU Archive
Property trade-in for Italy's Ministry of Defence
The Italian Ministry of Defence can trade its residential portfolio with local government properties. A new amendment introduced yesterday in the 'Finanziaria', the State annual financial budget, allows the Ministry, directed by Arturo Parisi, to get rid of military properties through an exchange with property owned by the local government.
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PropertyEU Archive
Multi Development wins at Mapic
Multi Development, the Netherlands-based developer and investor, has won the EG European Retail Property Company Award 2006 at Mapic in Cannes. The jury, chaired by Nigel Woolnar (Chapman Taylor and chairman of the British Council of Shopping Centers) picked Multi as the most successful European cross-border developer from a ...
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PropertyEU Archive
Portugal's number 2 retail centre opens
Viana Retail Center has opened its doors to the public. Developed by Bouygues Imobiliária, a Portuguese company active since 1999 in the real estate sector, this is the second retail centre in Portugal, and is one out of six projects with the retail-centre format that the company intends to expand ...
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PropertyEU Archive
The winners of the Mapic 2006 Awards are...
Six retailers have been recognised from a shortlist of 28 of their peers for the 'dynamism displayed in their international expansion ' at the 11th Mapic Awards 2006 in Cannes, France.
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PropertyEU Archive
ImmoEast in EUR 210 mln Romanian acquisition
ImmoEast, the largest listed property company in Austria, has announced the acquisition of a EUR 210 mln shopping centre development in Romania from Hungary's TriGranit. The new mall in the Romanian city of Cluj will comprise a total lettable space of 100,000 m[sup]2[/sup] and is scheduled for completion in November ...
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PropertyEU Archive
Savills to market 311 properties for Kwik-Fit
Property advisor Savills has announced that it has been instructed to dispose of a pan-European portfolio of roadside properties - in sale-and lease-back agreements - for an asking price of more than EUR 203.5 mln. The portfolio comprises 311 properties in the UK, the Netherlands and France with an overall ...
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PropertyEU Archive
DCM acquires four German nursing homes
Munich-based DCM Deutsche Capital Management has acquired four nursing homes for its new closed-ended property fund DCM ZukunftsWerte for a total of EUR 60 mln.
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PropertyEU Archive
Frankfurt Hoch Vier rental deal agreed
Bouwfonds MAB, the Netherlands-based developer, and Media Saturn have signed a letter of intent at Mapic in Cannes in relation to the letting of 7,800 m[sup]2[/sup] of retail space at the multifunctional Hoch Vier project in Frankfurt. Media Saturn is renting on the 3rd and 4th floors of the centre.
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PropertyEU Archive
C & W wins European property award
Property advisor Cushman & Wakefield has been named European Retail Property Adviser 2006 at the inaugural EG Retail & Future Project Awards during MAPIC 2006 in Cannes.
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PropertyEU Archive
Savills Commerical opens Budapest office
Savills, the UK-based property advisor, has opened a new office in Budapest, Hungary. The team will be headed by Peter Chatfield, who previously worked for Colliers in Prague and before that for Jones Lang LaSalle in Hungary and Poland.
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PropertyEU Archive
IERET buys office building in France
A subsidiary of the Pacific Investments Group has sold the Delta office building in Val d’Oise, France to Insight European Real Estate Trust (IERET). The four-storey building conprises18,000 m[sup]2[/sup] and includes a company restaurant and 512 parking spaces. The sale price was not disclosed. The rent is around EUR ...
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PropertyEU Archive
Iberdrola and Caixa Geral de Depositos in joint venture
Iberdrola Inmobiliaria, a subsidiary of the second largest Spanish electric company, and Portugal's Caixa Geral de Depósitos, through Imocaixa-Gestao Imobiliária, have signed a joint venture agreement on investment and development projects in the Portuguese real estate market.
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PropertyEU Archive
Mapic ushers in new retail development in Cannes
Visitors to next year's Mapic retail real estate trade fair in Cannes will be able to avail of a new retail development on the Boulevard de la Croisette. Work on the new 2,200 m[sup]2[/sup] Miramar shopping centre, between the Carlton and the Martinez, began on the second day of Mapic ...
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PropertyEU Archive
Mougin Investissements launches new concept
Mougin Investissements, a French-based real estate company, plans to develop its first 'Cite de l'Habitat' concept in the French city of Reims. The concept combines all the specialised contractors in the housing world - construction, renovation and fitting out - at one site.
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PropertyEU Archive
Foreign investment declines in Spanish real estate
Foreign investment in the Spanish real estate market amounted to EUR 3.07 bn in the first eight months of 2006, representing a decline of 16.2% compared to the year before, according to the Spanish Central Bank. At the same time investment by Spanish real states groups abroad almost doubled between ...
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PropertyEU Archive
Nedlloyd sells portfolio to Delta Lloyd
The real estate arm of Amsterdam-based financial services group Delta Lloyd has announced the finalisation of the acquisition of a large portfolio of Dutch properties from Nedlloyd Pension Fund for an undisclosed sum. The portfolio comprises 15 office buildings, about 435 homes and various retail properties in the Netherlands, including ...
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PropertyEU Archive
Metrovacesa is willing to expand further but not in Eastern Europe
Metrovacesa, Spain's largest property company, is looking to expand in Europe as the national market grows increasingly overheated, COO Carlos Vara told Dow Jones Newswires at the Mapic retail property conference in France. Vara said the company is looking to grow through acquisitions in France, Germany, Italy, Belgium and Poland ...
